Silver falls in line with global trends

After a sharp drop yesterday, today's silver price is unchanged, remaining at 1,082,000 VND/tael for buying and 1,115,000 VND/tael for selling in Hanoi. The world silver price is at 759,000 VND/ounce for buying and 763,000 VND/ounce for selling.

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 10, 2024

Silver type	Unit	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,082,000	1,115,000
Phu Quy 999 Silver Bar	1 kg	28,853,261	29,733,259

Latest update on world silver prices on October 10, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	759,000	763,000
1 only	91,568	92,017
1 amount	916,000	920,000
1 kg	24,418,000	24,538,000

Silver prices in the world today also decreased following the general market trend. The main reason for the sharp decline in silver prices is mainly due to pressure from fluctuations in the USD, as well as adjustments from investors after recent price increases. In addition, concerns about inflation and monetary policies of the US Federal Reserve (Fed) continue to affect market sentiment and geopolitical instability, especially escalating tensions in the Middle East, is one of the reasons for the strong fluctuations in silver prices.

Despite the decline in silver prices, experts predict that there is still potential for long-term growth, especially amid rising demand for industrial applications and renewable energy. Investors are also closely monitoring global developments, including geopolitical developments and consumption trends in major countries.

Source: https://congthuong.vn/gia-bac-hom-nay-10102024-bac-gia-m-chung-theo-xu-huong-the-gioi-351342.html